This summer was great for the real estate market, but what people do not know is that the fall market has even more listings for buyers. The fall real estate market is actually the second most productive market of the year after the spring – best of all, the fall market brings more inventory, but not an increase in prices. This is amazing news for those buyers out there in search of a new property.

Just because inventory is high and prices are low, buyers should not procrastinate when buying a new home. Here are some tips for buyers this fall to leap into action. If you are looking for homes for sale in Bucks County, PA, trust in our local, knowledgeable agents at Joe Bograd.

Tip 1 – Get Pre-Approved for a Mortgage

The first thing you want to do is get pre-approved for a mortgage before looking for a home. A pre-approved letter shows the seller that you are serious about buying their property. If you really want to impress the seller, you can ask your loan officer to fully approve you so that you already have loan approval before making an offer.

Tip 2 – Making Your Offer More Competitive

Entering into a bidding war can be stressful and exhausting. In order to avoid this war, you can enter into an escalation clause, meaning that your bid will have to come up by one percent of the asking price. Other ways to be more competitive are to pre-inspect the property and be flexible on the settlement date. Also, you will be more competitive if you don’t have to give up other assets to afford your new property.

Tip 3 – Don’t Wait. Act Now!

Some buyers might think that waiting to buy a home until the winter market starts is easier and more reasonable. However, the winter real estate market is extremely slow and the amount of inventory decreases. Act now and don’t wait to buy your dream home!

We would be happy to work with you and provide you with even more property-buying tips. Wherever you chose to look, the agents at Joe Bograd will be happy to place you in the home of your dreams this fall.